Kawartha Credit Union
The Kawartha Credit Union is a credit union that operates 19 branches in central Ontario, Canada between. Its headquarters are in Peterborough.[1] In March 2012, its members agreed to merge with Unity Savings and Credit Union under the Kawartha Credit Union name. The amalgamated company will have about 49,000 members, than 325 employees and a network of 25 branches in Ontario, including Kawartha’s branches in Lindsay, Bracebridge, Huntsville, Burk's Falls, South River, Parry Sound, Trenton, and Emsdale, and Unity’s branches in Kingston, Napanee, Brockville and Cornwall.[2] The merger makes the new Kawartha Credit Union the seventh largest credit union in Ontario.[3]
Kawartha Credit Union is insured by the Deposit Insurance Corporation of Ontario[4]
Unity Savings and Credit Union [edit]
Unity Savings and Credit Union brings six branches to the combined company, with three locations in Kingston and branches in Napanee, Brockville and Cornwall. Unity has over 11,000 member/owners and $154 million in assets.[5] Unity was founded in 1951 as a credit union for Alcan employees in Kingston, and is the result of mergers with several other credit unions:[6]
- Alcan Employees (Kingston) – founding Credit Union
- Kingston Newspaper Employees – merged in 1994
- Nylon Employees (Kingston) – merged in 1995
- Brockville Wire Workers & Black and Decker (Brockville) – merged in 1996
- Municipal Employees Brockville – merged in 1997
- Lennox and Addington Education Credit Union – merged in 1997
- Hotel Dieu Hospital (Kingston) – merged in 1998
- Cornwall Community – merged in 2000
- Education Family (Kingston) – merged in 2001
- Rideau St. Lawrence Community Credit Union – merged in 2005
- Maitland Credit Union – merged in 2006
References [edit]
- ^ “Credit unions merger approved”, Lindsay Post, 16 March 2012
- ^ “Credit unions merger approved”, Lindsay Post, 16 March 2012
- ^ “Credit unions approve merger”, Cottage Country Now, Wed Mar 21 2012
- ^ Kawartha Credit Union About Us
- ^ Unity Savings About Us
- ^ Unity Savings About Us
External links [edit]
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